Vol.7, No.1, February 2018.                                                                                                                                                                     ISSN: 2217-8309

                                                                                                                                                                                                                eISSN: 2217-8333


TEM Journal



Association for Information Communication Technology Education and Science

The Role and Interdependence of Economic Indicators in Optimal Natural Gas Supply in Macedonia as a transitional Economy


Daniela Mladenovska, Ana M. Lazarevska, Irena Lekoska Bimbiloska


© 2018 Daniela Mladenovska et al, published by UIKTEN. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License. (CC BY-NC-ND 4.0)


Citation Information: TEM Journal. Volume 7, Issue 1, Pages 86-96, ISSN 2217-8309, DOI: 10.18421/TEM71-10, February 2018.


Received: 14 September 2017
Accepted: 04 December 2017
Published: 23 February 2018




This paper elaborates the importance of the economic set of indicators relevant for assessing natural gas supply options, as a part of the multi criteria decision making (MCDM) method. Such an approach is a useful tool for decision makers. Thus, the paper is not only dealing with economic indicators arising from investment and other types of costs, but it mostly focuses on macroeconomic environment and macroeconomic preconditions strongly related to energy infrastructure. MCDM is firstly utilized to calculate the indicator’s weighting factors, and further, regression analyses are performed in terms of identifying interdependencies among the indicators.


Keywords – natural gas supply, MCDM, AHP, economic indicators, energy infrastructure.



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